The executor should make sure that insurance is current on property in the estate.
Yes, the executor of the estate may do what they can to insure the value of the estate doesn't lose value. But the estate will need to file a tax return for the rental income.
No, the executor is responsible to insure the estate is taken care of. Them means either selling the house or paying off the mortgage. One way or another the debts have to be resolved before the estate is closed.
a large area of often with a large house on it
Wow... Thats Nothing... You Should Be Charing Him More... Family Or Not. Anyways, Check With Some Real Estate Agents And Ask. I Think You Can....
Most places you are required to insure your car to protect anyone you may hit or injure. Most mortgages require you to insure your house. If you do not have a mortgage there is no requirement, other than stupidity.
Yes, but the premiums will be higher.
Unless your Westie is one of the breadwinners of the house, I would not insure it at all.
Sandringham Estate is located in Norfolk, England. The estate includes Sandringham House, York Cottage and Appleton House. The estate is comprised of 8000 hectares of land.
Real estate law can be helpful when purchasing a house because it helps to know what the boundaries for your real estate agent are for searching for the perfect house.
Check with your agent. I am certain there is a way. A broker is your best bet!
The executor of the estate can sell the house at any time. The renunciation really deals with who gets the money from the sale. The executor can also transfer the house to someones name, but they have to insure all the debts are paid. Consult an attorney in your area for details.
You need to insure it at replacement cost not value or appraised value. Call your agent.